According to the Washington-based lender, the inflation level in 63.2% of low-income countries was greater than 5% in 63.2% of low-income countries in 2023. This was 1.3% points higher than in the last food update on January 17, 2023.
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The World Bank says inflation in food prices remains high globally. The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle and high-income countries. It declared that the inflation level was greater than five per cent in 63.2 per cent